Common use of Purchase and Closing Clause in Contracts

Purchase and Closing. Upon its execution and delivery of this Agreement to Ontro, Buyer shall deliver the Purchase Price to Ontro by certified funds or wire transfer to Ontro as follows: San Diego National Bank ABA Routing No. 000000000 For credit to Ontro, Inc. (reference Ontro Common Stock Purchase) Account No. 0139809170 Ontro shall either return the Purchase Price or accept the Purchase Price and complete the purchase and sale of the Common Stock (the "Closing"). At the Closing, Ontro shall cause its transfer agent to issue a stock certificate for the shares of Common Stock in the name of Buyer (the "Certificate"). Following the Closing, Ontro will forward the Certificate to Buyer by a nationally recognized courier service (UPS, FedEx or comparable).